Source: The Economic Times
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
All the best to Dr.Meira Kumar.....👍✌
Monday, May 26, 2014
Demand for diesel cars falls as fuel price inches up to petrol
[Editor: Shareholders in Southern Online Bio Technologies Ltd (SBTL), has much room to cheer; as according to a Mumbai based financial weekly, Diesel Price De-regulation is on the cards. CMP: Rs.8.62]
NEW DELHI, 26 May, 2014: Demand for petrol cars has been growing steadily for a while as 58% of cars sold in 2013-14 have gasoline engines. With the price gap between diesel and petrol narrowing rapidly, buyers aren't ready to pay a premium for diesel-fired engines.
According to the latest industry data, diesel car sales have slumped 14% in the financial year ending March this year. What's worse, the fall could be sharper if the Narendra Modi-led government accepts a pending Cabinet proposal for a steep increase in diesel rates by Rs3-4 per litre before aligning its pump prices with market rates and deregulating it completely like gasoline, government and industry officials said.
The UPA government had deregulated petrol prices in June 2010 and allowed state oil marketing firms to raise diesel prices in small monthly doses of 50 paise from January last year.
"Revenue loss on diesel is expected to fall significantly by May-end owing to appreciation of the Indian rupee against the dollar because of a stable government at the Centre. It is a good opportunity for the new government to usher in economic reforms by a one-time hike in its price and deregulate it," a senior government official with direct knowledge of the matter said.
Petrol cars are back in the reckoning even as the automobile sector encountered a slowdown where the car market shrank 5% last fiscal. In price-sensitive urban markets, that generate more than half of new car sales, diesel models have lost out because of their higher sticker price - priced almost a lakh higher than petrol variants - with customers preferring petrol options.
"Petrol models are increasingly being preferred by customers," says Hyundai Motor India senior vice president (marketing & sales) Rakesh Shrivastava. "While the fuel price differential is the biggest reason for the shift, we have seen urban customers preferring the smoother and efficient petrol cars rather than the noisier diesel variants."
The craze for diesel cars has diminished, as the phased de-control of diesel has bridged the price gap between petrol and diesel to just Rs15 from Rs20 in January 2013 and over Rs26 in the first quarter of 2012. Diesel is currently sold at Rs56.7 in Delhi, while petrol goes for Rs71.4, and going by the trend, the gap may narrow down to less than Rs10 in the next few months, automobile industry experts said.
According to a latest report of the Petroleum Planning and Analysis Cell, regular increase in diesel rates and significant drop in sales of commercial vehicles have led to a fall in annual consumption of diesel for the first time since 2001-02.
Diesel consumption has recorded a negative growth of -1.8% in March and a cumulative decline of -1.0% in 2013-14, it said. The fall in diesel consumption, which accounts for over 40% of the total fuel sales, is expected to reduce fuel subsidy significantly. India's estimated fuel subsidy, which was about Rs140,000 crore, is estimated at about Rs110,000 crore in the current fiscal, partially due to regular hikes in diesel rates and also because of the rupee appreciation.
The shift is more visible for carmakers which have both fuel options in their product portfolio. For instance, in Maruti's high-selling DZire compact sedan, diesel variant sales have dipped 5% to 70%, with petrol accounting for every third car sold in the diesel market. Similarly, Honda had a hefty 82% diesel share for its Amaze compact sedan when it was launched in 2012.
Source: The Economic Times
Source: The Economic Times